Atlas Salt Announces CFO Transition, Project Progress and Investor Relations Campaign
Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) announces key changes and progress in its operations. Alasdair Federico will succeed Michael Psihogios as CFO effective October 15th, 2024. Federico, with over 15 years of experience in publicly traded mining companies, is well-positioned to lead the company's financial strategy as it enters the pre-production phase.
The company has been granted a mineral lease by the Newfoundland and Labrador Department of Industry, Energy and Technology, securing exclusive rights to develop, extract, and sell salt from the Great Atlantic Salt Project. The lease covers 550 hectares, including areas for the company's current 34-year salt reserves and additional resources for expansion.
Atlas Salt has also engaged Digitonic , an investor relations firm, to enhance visibility with the investment community. The 4-week campaign, focused on the North American market, comes with a one-time fee of US$260,000 and is subject to TSXV approval.
Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) annuncia importanti cambiamenti e progressi nelle sue operazioni. Alasdair Federico succederà a Michael Psihogios come CFO a partire dal 15 ottobre 2024. Federico, con oltre 15 anni di esperienza in aziende minerarie quotate, è ben posizionato per guidare la strategia finanziaria dell'azienda mentre entra nella fase pre-produzione.
L'azienda ha ricevuto un contratto minerario dal Dipartimento dell'Industria, Energia e Tecnologia di Terranova e Labrador, garantendo diritti esclusivi per sviluppare, estrarre e vendere sale dal Great Atlantic Salt Project. Il contratto copre 550 ettari, comprese le aree per le attuali riserve di sale di 34 anni dell'azienda e ulteriori risorse per l'espansione.
Atlas Salt ha anche ingaggiato Digitonic, una società di relazioni con gli investitori, per migliorare la visibilità con la comunità degli investitori. La campagna di 4 settimane, focalizzata sul mercato nordamericano, prevede una tariffa unica di 260.000 USD ed è soggetta all'approvazione di TSXV.
Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) anuncia cambios clave y avances en sus operaciones. Alasdair Federico sucederá a Michael Psihogios como CFO a partir del 15 de octubre de 2024. Federico, con más de 15 años de experiencia en compañías mineras que cotizan en bolsa, está bien posicionado para liderar la estrategia financiera de la empresa mientras entra en la fase de pre-producción.
La empresa ha recibido un arrendamiento mineral del Departamento de Industria, Energía y Tecnología de Terranova y Labrador, asegurando derechos exclusivos para desarrollar, extraer y vender sal del Proyecto Great Atlantic Salt. El arrendamiento abarca 550 hectáreas, incluidas áreas para las reservas de sal actuales de 34 años de la empresa y recursos adicionales para la expansión.
Atlas Salt también ha contratado a Digitonic, una firma de relaciones con inversores, para mejorar la visibilidad con la comunidad inversora. La campaña de 4 semanas, centrada en el mercado norteamericano, tiene un costo único de 260,000 USD y está sujeta a la aprobación de TSXV.
Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF)는 운영의 주요 변화와 진전을 발표합니다. Alasdair Federico가 2024년 10월 15일부터 CFO로 Michael Psihogios를 대신하게 됩니다. Federico는 15년 이상의 상장 채굴 기업 경험을 가지고 있어 회사의 재무 전략을 주도하는 데 적합합니다. 이는 회사가 생산 전 단계에 접어들기 때문입니다.
회사는 뉴펀들랜드와 래브라도 산업, 에너지 및 기술부로부터 광물 임대권을 부여받아 Great Atlantic Salt Project에서 소금을 개발, 추출 및 판매할 수 있는 독점 권리를 확보했습니다. 임대는 550헥타르를 포함하며, 회사의 현재 34년 소금 매장량 및 추가 확장을 위한 자원을 포괄합니다.
Atlas Salt는 또한 투자자 커뮤니티와의 가시성을 높이기 위해 Digitonic이라는 투자자 관계 회사를 계약했습니다. 북미 시장에 초점을 맞춘 4주 캠페인은 260,000달러의 일회성 비용이 있으며 TSXV 승인을 받아야 합니다.
Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) annonce des changements clés et des avancées dans ses opérations. Alasdair Federico succédera à Michael Psihogios en tant que CFO à partir du 15 octobre 2024. Federico, avec plus de 15 ans d'expérience dans des entreprises minières cotées en bourse, est bien positionné pour diriger la stratégie financière de l'entreprise alors qu'elle entre dans la phase de pré-production.
L'entreprise a obtenu un bail minier du ministère de l'Industrie, de l'Énergie et de la Technologie de Terre-Neuve-et-Labrador, garantissant des droits exclusifs pour développer, extraire et vendre du sel du Great Atlantic Salt Project. Le bail couvre 550 hectares, y compris des zones pour les réserves de sel actuelles de 34 ans de l'entreprise et des ressources supplémentaires pour l'expansion.
Atlas Salt a également engagé Digitonic, une société de relations avec les investisseurs, pour améliorer la visibilité auprès de la communauté des investisseurs. La campagne de 4 semaines, axée sur le marché nord-américain, a des frais uniques de 260 000 USD et est soumise à l'approbation de la TSXV.
Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) gibt wichtige Veränderungen und Fortschritte in seinen Betrieben bekannt. Alasdair Federico wird ab dem 15. Oktober 2024 Michael Psihogios als CFO nachfolgen. Federico, der über 15 Jahre Erfahrung in börsennotierten Bergbauunternehmen verfügt, ist gut positioniert, um die Finanzstrategie des Unternehmens zu leiten, während es in die Vorproduktionsphase eintritt.
Das Unternehmen hat einen Mineralpachtvertrag vom Ministerium für Industrie, Energie und Technologie von Neufundland und Labrador erhalten, der exklusive Rechte zur Entwicklung, zum Abbau und zum Verkauf von Salz aus dem Great Atlantic Salt Project sichert. Der Pachtvertrag umfasst 550 Hektar, einschließlich Gebiete für die derzeitigen 34-jährigen Salzreserven des Unternehmens und zusätzliche Ressourcen für die Expansion.
Atlas Salt hat auch Digitonic, eine Investor-Relations-Firma, engagiert, um die Sichtbarkeit in der Investoren-Community zu erhöhen. Die 4-wöchige Kampagne, die sich auf den nordamerikanischen Markt konzentriert, wird mit einer einmaligen Gebühr von 260.000 USD durchgeführt und unterliegt der Genehmigung durch die TSXV.
- Appointment of experienced CFO Alasdair Federico to lead financial strategy
- Granting of mineral lease for Great Atlantic Salt Project, securing exclusive rights for development
- Mineral lease covers 550 hectares, including current 34-year salt reserves and expansion areas
- Departure of current CFO Michael Psihogios
- One-time fee of US$260,000 for investor relations campaign
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR / ACCESSWIRE / October 7, 2024 / Atlas Salt Inc. ("Atlas Salt" or the "Company") (TSXV:SALT)(OTCQB:REMRF) announces that effective October 15th, 2024, Alasdair Federico, currently the Company's Vice-President of Corporate Affairs, will succeed Michael Psihogios as Chief Financial Officer ("CFO") of Atlas Salt. Mr. Psihogios advised Atlas Salt in mid-July of the decision to take a CFO position in western Canada, closer to home. Mr. Federico and Mr. Psihogios have worked closely together over the past three months to ensure a smooth hand-off. Mr. Federico holds a Bachelor of Commerce in addition to a law degree. He has over 15 years of experience working with publicly traded mining companies, has overseen strategic planning, public company reporting and compliance programs, company controls, and risk management, and will be supported by a strong accounting team.
Richard LaBelle, President and CEO commented: "We have made remarkable progress in the last year, above and beyond all expectations. Michael designed and built robust internal controls and financial systems, establishing the foundation for the Company's next phase of development. As we enter the pre-production phase, the structure built by Michael will allow the CFO's focus to be strategic negotiations, including lenders, service providers and contractors, alongside managing key relationships. Alasdair's demonstrated successes in these key areas throughout his career makes him the ideal CFO to take over from Michael."
"I couldn't be more pleased with the opportunity," said Mr. Federico. "Michael has done a tremendous job not only in setting up the Company for future success in continuing to advance the Great Atlantic Salt Project, but also in setting me up for success in continuing what he has started."
Mr. Psihogios commented: "I'm proud of what I accomplished with Atlas Salt and I'm confident I'm leaving the Company in good hands."
Mineral Lease Granted
Atlas Salt also announces that it has been issued a mineral lease by the Newfoundland and Labrador Department of Industry, Energy and Technology, establishing the Company's exclusive rights to develop, extract and sell the salt within the Great Atlantic Salt Project.
The Mining Lease covers 550 hectares and includes all of the areas required to mine the Company's current reserves of salt over the next 34 years, as well as additional areas of the Company's mineral resources for expansion.
Investor Relations Campaign
The Company announces that it has engaged Digitonic Ltd. ("Digitonic"), an investor relations firm based in Glasgow, Scotland, to provide marketing and investor relations services to enhance visibility with the institutional and retail investment community, effective immediately. Digitonic will provide content creation, distribution, and advertising services focused on the North American market for a campaign lasting approximately 4 weeks. The Company entered into an agreement (the "Agreement") with Digitonic in 2022 but put the campaign on hold before it had launched. Under the terms of the Agreement, the Company paid a one-time fee of US
Digitonic has agreed to comply with all applicable securities laws and the policies of the TSX Venture Exchange (the "TSXV") in providing its services. There are no performance factors impacting compensation in the Agreement and Digitonic will not receive common shares or options of the Company as compensation.
Digitonic is arm's length to the Company and currently does not own, directly or indirectly, any common shares of the Company, nor does it have any right or intent to acquire such an interest. The Agreement is subject to TSXV Exchange approval and this disclosure is made in accordance with the requirements of TSXV Policy 3.4 - Investor Relations, Promotional and Market-Making Activities.
About Atlas Salt Inc.
Atlas Salt Inc. is developing Canada's next salt mine and is committed to responsible and sustainable mining practices. With a focus on innovation and efficiency, the company is poised to make significant contributions to the North American salt market while upholding its values of environmental stewardship and community engagement.
For information, please contact:
Richard LaBelle, CEO
investors@atlassalt.com
(709) 739-9545
We seek safe harbor.
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: completion, delivery and timing of project components and requirements, and analysis and assumptions related thereto. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of required permits, supply arrangements and financing. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
SOURCE: Atlas Salt
View the original press release on accesswire.com
FAQ
Who is the new CFO of Atlas Salt (REMRF) and when does he start?
What mineral rights has Atlas Salt (REMRF) secured for the Great Atlantic Salt Project?
What investor relations firm has Atlas Salt (REMRF) engaged and for what purpose?
How long is Atlas Salt's (REMRF) current salt reserve expected to last?
